Sec. 3. Definitions. (a) The term “politicized or unlawful debanking” refers to an act by a bank, savings association, credit union, or other financial services provider to directly or indirectly adversely restrict access to, or adversely modify the conditions of, accounts, loans, or other banking products or financial services of any customer or potential customer on the basis of the customer’s or potential customer’s political or religious beliefs, or on the basis of the customer’s or potential customer’s lawful business activities that the financial service provider disagrees with or disfavors for political reasons.
Haven't looked at the EO, but it's a different issue, so unless this addresses both, an anti-debanking rule wouldn't stop that.
They generally don't go after individuals, they dictate what everyone can purchase or sell. So it's not debanking, it's a different angle of censorious attack.
Does this affect Visa, Mastercard and Paypal? They're technically not banks but payment services, aren't they?
Link
It’s a financial service provider so it counts.
Haven't looked at the EO, but it's a different issue, so unless this addresses both, an anti-debanking rule wouldn't stop that.
They generally don't go after individuals, they dictate what everyone can purchase or sell. So it's not debanking, it's a different angle of censorious attack.